SunSirs: Strong Cost Support, with a Broad Increase in PMMA Prices in April

https://www.chemnet.com   Apr 30,2024

　　According to the analysis system of the commodity market of SunSirs, as of April 28th, the average price of domestic transparent grade premium PMMA was 17,166.67 RMB/ton. In April, PMMA prices mainly increased, with an overall increase of 6.69% in April, with an increase of around 1,000 RMB/ton. In April, upstream MMA prices showed a strong trend, with PMMA having some support on the cost side and downstream demand still acceptable. The overall market supply and demand of PMMA was balanced, with manufacturers mainly operating at high prices.

　　In April, PMMA prices were dominant, with an overall increase of 6.69%, around 100 RMB/ton. Currently, the mainstream market price is around 17,000 RMB/ton, and the operating rate of PMMA in April remained high. The operating rate of upstream factories MMA remained stable, and the supply of PMMA in April was slightly alleviated. However, there is still a shortage of supply in the overall market.

　　In terms of cost, MMA prices in April were the main trend, with the highest increase reaching 1,000 RMB/ton. Many manufacturers were mainly operating at high prices, with a serious reluctance to sell. In April, the overall market negotiation focus remained high, inventory was low, and downstream procurement enthusiasm was strengthened. MMA production in April is expected to show an upward trend compared to March. As of the end of April, MMA's overall market supply is currently balanced.

　　In terms of cost, the acetone market price in April was the main trend. Since April, acetone prices have rebounded and prices have been increasing. In late April, Sinopec East China Phenol Ketone Enterprise's acetone prices continued to rise, resulting in a shortage of supply and a tight supply of goods in the market. The focus of market negotiations was relatively high, and the transaction atmosphere was good. During the concentrated maintenance period of multiple enterprises in April, the market supply was expected to be reduced, and downstream PMMA had some positive support on the cost side.

　　In terms of demand: In April, the PMMA market had good demand and negotiations focused on high-level operations. The downstream procurement atmosphere was positive. With the popularity of power vehicles, PMMA, as one of the raw materials for producing automotive parts, is widely used in projects such as car lights, windshields, and windows. Due to its high strength, toughness, and wear resistance, it can effectively improve the safety and comfort of cars. Since April, the demand for power vehicles has increased, and there has been a shortage in the supply side, leading to a passive increase in PMMA prices.

　　PMMA analysts from SunSirs believe that the current operating rate of the PMMA market is relatively stable, and overall market demand is good. There is still support on the upstream cost side, and downstream demand is constantly increasing. Although some companies have started to expand production, it is expected that PMMA prices will maintain a narrow and strong trend in the short term.

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